Highlights: Pa. House panel transportation plan

Pennsylvania’s House Transportation Committee approved a transportation funding plan Thursday. Following are highlights of how the nearly $2 billion to be raised by the fifth year of the plan would be spent:

SPENDING

— $1.5 billion a year for state and local highways and bridges.

— $312 million a year for mass-transit agencies.

— $100 million a year for railway, port, bicyclist and pedestrian projects.

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TAXES & FEES

— Phases out the current $1.25 per gallon cap on Pennsylvania’s oil company franchise tax over five years, extending the tax on the full average wholesale price to generate an additional nearly $2 billion a year by 2017-18.

— Reduces the annual $450 million transfer to PennDOT that the Pennsylvania Turnpike Commission is required to make by the $200 million that is allocated for roads and bridges, but requires the commission to continue paying the $250 million a year for mass transit for eight years.

— Increases the fine for failing to obey traffic control devices to $75.

— Increases the local match that municipalities must pay to receive state assistance for mass transit agencies. Also authorizes municipalities to increase local taxes on sales, earned income and real-estate transfers to cover the local match.

— Authorizes counties to impose a $5 fee on each vehicle registered to an address in the county to raise money for local transportation projects.